Statement by the Press Secretary on H.R. 804 and H.R. 3669

On September 20, 2005, the President has signed into law:

H.R. 804, which excludes Federal financial assistance for flood mitigation activities from being considered income when determining eligibility for, or benefit levels under, any Federal income assistance or resource-tested program.

H.R. 3669, the "National Flood Insurance Program Enhanced Borrowing Authority Act of 2005," which temporarily increases the Federal Emergency Management Agency's borrowing authority for carrying out the National Flood Insurance Program.